Registered FDI capital slightly drops

For the year to October 20, total registered of new foreign-invested projects in Vietnam dropped 1.3% year-on-year to US$12.26 billion despite a 24.4% increase in the number of projects.

According to the General Statistics Office of Vietnam, 2,061 foreign-invested projects were licensed in the period.

Meanwhile, 967 existing projects have added more than US$5.3 billion to their investment.

As a result, total FDI flow into the country during the first ten months of the year surpassed US$17.6 billion, falling 8.7% year-on-year.

Disbursement of FDI capital in the period is estimated to be US$12.7 billion, an increase of 7.6% year-on-year.

Processing and manufacturing industries have absorbed the largest amount of FDI with more than US$12.8 billion, accounting for 72.9% of total FDI inflow in the 10 months.

The northern city of Haiphong attracted the most FDI capital with US$.443 billion.

Among 58 countries and territories pouring investment in Vietnam in the period, the Republic of Korea is the leading investor with US$4.668 billion.

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